Microsoft Offers Its CRM Product Online as SaaS (Software as a Service)

question 50

True/False

Microsoft offers its CRM product online as SaaS (software as a service), but it has no full enterprise resource planning (ERP) implementation in the cloud.

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Definitions:

Contra Asset

An account on a company's balance sheet that reduces the total amount of an associated asset account, often used for accumulated depreciation.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life to reflect the loss in value over time.

Fiscal Period

Any period of time used by an organization or government for accounting purposes and preparing financial reports, which could be a quarter, half-year, or any other designated period.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset from the time of its acquisition to the current reporting period.